Crimson Wine Group Ltd (CWGL) Director Buys $25,056.00 in Stock
Crimson Wine Group Ltd (NASDAQ:CWGL) Director Joseph S. Steinberg bought 2,784 shares of the firm’s stock in a transaction on Friday, October 14th. The shares were bought at an average cost of $9.00 per share, for a total transaction of $25,056.00. Following the purchase, the director now owns 280,844 shares of the company’s stock, valued at approximately $2,527,596. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Crimson Wine Group Ltd (NASDAQ:CWGL) traded down 0.99% during mid-day trading on Friday, hitting $8.98. 8,801 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $8.66 and its 200-day moving average price is $8.52. The stock has a market cap of $216.36 million and a PE ratio of 67.01. Crimson Wine Group Ltd has a 12 month low of $7.58 and a 12 month high of $9.25.
Crimson Wine Group Company Profile
Crimson Wine Group, Ltd. (Crimson) is engaged in producing and selling ultra-premium and luxury wines. The Company operates through two segments: Wholesale Sales and Direct to Consumer Sales. The Wholesale Sales segment includes all sales through a third party where prices are given at a wholesale rate whereas Direct to Consumer Sales segment includes retail sales in the tasting room, remote sites and at on-site events, Wine Club sales, and other sales made directly to the consumer without the use of an intermediary.
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